The government has announced plans to make it easier for people in financial difficulty write off their debts in Debt Relief Orders (DROs).
The Department for Business, Innovation and Skills has proposed changing the eligibility criteria for a DRO so that people with small pension pots can apply for the low cost debt relief solution.
DROs were [...]
Record personal insolvencies
A record 35,574 people in England and Wales were declared insolvent in the last quarter of 2009, according to statistics out today from the Insolvency Service.
The figure – a 24.9 per cent jump on the same period a year ago – was made up of 17,007 bankruptcies, 13,219 individual voluntary arrangements (IVAs) and [...]
"prescribing life without debt"
Kicking the habit
None of us are perfect when it comes down to bad habits, but some are worse than others; not understanding your debt or finances is one of them. Kicking these bad habits into touch means that you can look towards“prescribing yourself a life without debt”
Too many credit card [...]
UK personal debt hits £1.46bn
"prescribing life without debt" 0845 224 2761
Total UK personal debt at the end of October 2009 stood at £1.46bn, a report from money advice charity Credit Action has revealed.
The charity’s statistics show that the 12-month growth rate of personal debt fell to 0.7 per cent, while total [...]
The 2009 rise in corporate insolvencies has halted and turned down slightly, according to official statistics published today.
The quarterly statistics published by the Insolvency Service show total liquidations in England and Wales were 4,716, down 4.7 per cent on the previous quarter, though an increase of 14.6 per cent on the [...]
134,000 UK firms show distress
The worst is yet to come for corporate insolvencies in the UK with 134,000 firms showing signs of financial distress, an insolvency specialist has claimed.
In its Red Flag Alert for the third quarter of 2009 Begbies Traynor said evidence is mounting that the UK economy is maybe at [...]
Every Day hundreds of debtors around the country are having goods seized due to none payment of debts and fines. The items are usually seized by collection officers or bailiffs sometimes known as the sheriff’s officers
Have you ever wondered what happens to all your treasured belongings when they have been taken away?
Today, much like any other auction at CW Harrison, [...]
Consumers could be putting their money at risk by paying consumer claims handlers who mis-manage complaints, an independent study for the British Bankers’ Association (BBA) has found.
Too many companies lure customers with the hope of striking out their debts without any evidence they can do so, while others demand upfront payments, the GfK NOP survey [...]
The Local Government Ombudsman has condemned two councils for several “failings” in their use of bankruptcy to recover council tax debt.
The LGO criticised Newham Council for making a woman with mental illness bankrupt while Manchester City Council also came under fire for a fundamental flaw in the way that it used bankruptcy proceedings without considering [...]
